B2B Payments

Basware Integrates Solutions With SAP App Center

Basware Integrates Solutions With SAP App Center

Source-to-pay solution provider Basware now offers its business automation resources on the SAP App Center, the digital marketplace for systems applications and product (SAP) partner offerings, Basware announced on Tuesday (Nov. 26).

Basware is committed to offering our solutions for use with market-leading ERP software from vendors including SAP, which is why we are pleased to expand our relationship by making them available in the SAP App Center,” said Paul Taylor, chief revenue officer, Basware.

Solutions such as Basware’s eInvoicing, eProcurement and accounts payable (AP) seamlessly integrate with SAP S/4HANA. Customers can tap into about 1,800 partner resources at the SAP App Center, sorted by product, industry and use case scenarios.

The firm is also an OEM partner in the SAP PartnerEdge Build program, which provides the tools and support to “facilitate building high-quality, disruptive applications focused on specific business needs, quickly and cost-effectively.” The program offers SAP technologies through one global OEM contract.

Basware was found in Finland in 1985 and went public on the Helsinki Nasdaq in 2000. The company has operations in more than 50 countries on six continents.

The SAP App Center is a fully digital enterprise marketplace where people can try, buy, manage and deploy trusted partner applications that extend existing SAP technology and solutions.

Last month, SAP announced it was teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers.

The companies are collaborating on a payment platform designed to accelerate payments and settlement between banks and their customers, with a focus on allowing for interoperability between existing real-time gross settlement (RTGS) systems and blockchain-based systems.

The prototype uses SAP’s Payment Engine application to initiate, process, clear and settle transactions. The solution integrates into R3’s Corda distributed ledger platform to support interaction of the solution with existing RTGS systems. Accenture is providing its experience in central bank clearing and settlement, as well as blockchain, to support banks’ adoption of the tool.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.